Paul Hastings Advises Japanese Amusement Ride Company Sansei Yusoki on U.S. Acquisition

Paul Hastings, a leading global law firm, announced today that it is representing Sansei Yusoki Co., Ltd., an Osaka-based company engaged in the design, manufacture, repair and maintenance of amusement rides, stage equipment and elevators on its contemplated acquisition of a stake in S&S Worldwide, one of the world’s leading amusement rides and rollercoaster manufacturers located in the U.S. Following the signing of the MOU and the official transfer of shares in July 2012, S&S Worldwide will retain its headquarters and manufacturing facilities in Logan, Utah.

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Simpson Thacher Represents Goldman Sachs as Financial Advisor to Micron Technology in its Acquisition of Elpida Memory

Simpson Thacher represented Goldman Sachs as financial advisor to Micron Technology Inc. in connection with its execution of a sponsor agreement with the reorganization trustees of Elpida Memory Inc. of Japan, whereby Micron agreed to acquire Elpida, including Elpida’s 65% stake in Rexchip Electronics, for total consideration of ¥200 billion ($2.5 billion), consisting of ¥60 billion in cash consideration for 100% of Elpida’s equity and a series of installment payments totaling ¥140 billion to be made by Elpida to satisfy the reorganization claims of Elpida’s creditors. Micron also entered into a separate agreement with Powerchip Technology Corporation to acquire its 24% stake in Rexchip Electronics for approximately NT$10 billion ($334 million).

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Paul, Weiss – Mitsui Sumitomo Insurance Acquires 26 Percent of Indian Insurer From New York Life

On June 27, client Mitsui Sumitomo Insurance Company Limited (MSI) acquired 26 percent of India-based Max New York Life Insurance Company Limited for Rs 27.3 billion (approximately U.S. $475 million). MSI acquired New York Life’s entire stake in the life insurer, which is majority-owned by Max India Limited, a company listed on the Bombay Stock Exchange.

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Shearman & Sterling Advises Aurora Solar Corporation in Acquisition of Nine Generating Facilities

Shearman & Sterling advised Aurora Solar Corporation (a joint venture comprised of, among others, Osaka Gas Co., Ltd. and Mitsubishi Corporation) as purchaser of nine photovoltaic (pv) generating facilities in Ontario, Canada. The sponsors were advised by Mizuho Corporate Bank, Ltd. as financial advisor and Stikeman Elliott as Canadian counsel.

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Mitsui Sumitomo Insurance To Acquire Portion of Indian Insurer From New York Life

Paul, Weiss advised Mitsui Sumitomo Life Insurance Co. Ltd (MSI) in its agreement to acquire 26 percent of Max New York Life Insurance Company, a leading Indian life insurance company, for Rs 27.3 billion (approximately $530 million). MSI will, subject to regulatory approval, be acquiring New York Life’s entire stake in the life insurer, which is majority-owned by Max India Limited, a company listed on the Bombay Stock Exchange. The agreement was signed on April 12.

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